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  #1  
Old June 8th, 2017, 10:16 AM
Shringarey Shringarey is offline
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Internet Based Business

I have heard a lot of these internet based businesses. I was thinking of starting one. My goal is to make 5000$ per month. Nothing great, no millionaire plans.

One possibility is to have GRE/GMAT coaching. How is it? Any other? A simple, non-innovative, proven, me-too business
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  #2  
Old June 8th, 2017, 10:24 AM
Aashika Aashika is offline
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Re: Internet Based Business

following. i would like to do it too. No idea where to even start.
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  #3  
Old June 8th, 2017, 10:45 AM
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Re: Internet Based Business

Quote:
Originally Posted by Shringarey View Post
I have heard a lot of these internet based businesses. I was thinking of starting one. My goal is to make 5000$ per month. Nothing great, no millionaire plans.

One possibility is to have GRE/GMAT coaching. How is it? Any other? A simple, non-innovative, proven, me-too business
How will you find customers? There are many big competitors.. I had a friend who tried this online education business from India.. wasted a couple years and lotsa money.
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  #4  
Old June 8th, 2017, 10:48 AM
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Re: Internet Based Business

I know some desi folks from IT who started coaching online.. they meet you and take payment only in cash.. One guy teaches IT testing, make about 30K without tax, spends about 20 hours per week for this income.
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  #5  
Old June 8th, 2017, 10:53 AM
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Re: Internet Based Business

By the way, speaking of GRE/GMAT coaching, this dude runs SAT/ACT prep and probably mints money: https://prepexpert.com/shaan-patel/

He was on Shark Tank and Cuban partnered with him on this deal. Think you can provide something like that?
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  #6  
Old June 10th, 2017, 06:54 PM
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Re: Internet Based Business

Some guys make money off YouTube. One guy was uploading pranks he made and the Bachcha log keep watching some guys xbox game videos
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  #7  
Old June 10th, 2017, 07:16 PM
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kalidas kalidas is offline
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Re: Internet Based Business

I would suggest making bollywood paraphernalia and selling it online.

For e.g.

- Coolie badge 786
- t-shirts with famous quotes such as kitne admi the?
- t-shirt with Nirupa Roy face, with Maa written
- Mr India watch + Jacket + hat
.... funny stuff like that, you know?

People will eat this up, I'm telling you!
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  #8  
Old June 10th, 2017, 08:02 PM
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sarv_shaktimaan sarv_shaktimaan is offline
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Re: Internet Based Business

Whene I see Nirupa Roy in old movies.. I think to myself how come such a fat poor womam.. with lean kids.. she won't feed her kids woth all the good stuff she's eating.
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  #9  
Old June 11th, 2017, 02:32 AM
Shringarey Shringarey is offline
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Re: Internet Based Business

This is my issue -

I have a dream of being a linguist. I have given myself 10 years to do so (2 years are almost over of those 10). I need 25 hrs per week to study. I cannot do it with a full time job. I work for 25 hrs/week to get money. Things are OK.

However, I do not have savings to stop working altogether. I have savings to ride me through for some time if I lose my job, but I cannot not work indefinitely. I get scared that if the company I work for fires me, what then? I have a lot riding on my dream. It is important to me. I don't want something to come in between and destroy it, for 10 years is a long time. Taking another part time job is no option, as then I would not get time to study. I need to make some money by some other means without too much effort or risk. This might be possible because I don't need to make too much money.

What should I do - any ideas folks?
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  #10  
Old June 11th, 2017, 04:55 AM
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kalidas kalidas is offline
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Re: Internet Based Business

Quote:
Originally Posted by Shringarey View Post
This is my issue -

I have a dream of being a linguist. I have given myself 10 years to do so (2 years are almost over of those 10). I need 25 hrs per week to study. I cannot do it with a full time job. I work for 25 hrs/week to get money. Things are OK.

However, I do not have savings to stop working altogether. I have savings to ride me through for some time if I lose my job, but I cannot not work indefinitely. I get scared that if the company I work for fires me, what then? I have a lot riding on my dream. It is important to me. I don't want something to come in between and destroy it, for 10 years is a long time. Taking another part time job is no option, as then I would not get time to study. I need to make some money by some other means without too much effort or risk. This might be possible because I don't need to make too much money.

What should I do - any ideas folks?
Why are you learning to put your ankles behind your ears? That and linguist and Internet based business.... are these all related to a single dream ?
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  #11  
Old June 11th, 2017, 07:19 AM
Shringarey Shringarey is offline
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Re: Internet Based Business

Kalidas,

Samjha kar yaar. I am studying linguistics. I cannot do that unless I give it a lot of time. So my time available for working is reduced. So, lower income. Just trying to find out if I can make some extra money without too much time spent. Someone said internet, so I posted it here. That is all man
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  #12  
Old June 11th, 2017, 09:45 AM
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echarcha echarcha is offline
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Re: Internet Based Business

Quote:
Originally Posted by Shringarey View Post
I have heard a lot of these internet based businesses. I was thinking of starting one. My goal is to make 5000$ per month. Nothing great, no millionaire plans.

One possibility is to have GRE/GMAT coaching. How is it? Any other? A simple, non-innovative, proven, me-too business
FIrst find out how many big names are there in this GRE GMAT coaching business on the net.

Second look at how they do the actual coaching - Is is all on the net? or is it in person in a class room setting?

Yes you want your students to have tests online and maybe tests online, but what infra do you need on the net to put it up there? Its not a big deal but you would have to spend money to build a web application for all of this - student enrollment, student logins, online tests, online syllabus and notes publishing etc. So there is a lot of time and money required to come up with such an infra on the net. Offcourse, you can get a couple of programmers to build such a system for you.

Remember that you may put up the best material out on the net but you cannot guarantee that it wont be 'pirated' by scoundrels and your efforts would go waste. So it seems, at least to a layman in this like me, that a classroom kind of setting might be a better option.

Anyway, all the best in your new ventures.
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  #13  
Old June 11th, 2017, 09:46 AM
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Re: Internet Based Business

Quote:
Originally Posted by Shringarey View Post
I have heard a lot of these internet based businesses. I was thinking of starting one. My goal is to make 5000$ per month. Nothing great, no millionaire plans.

One possibility is to have GRE/GMAT coaching. How is it? Any other? A simple, non-innovative, proven, me-too business
There are so many classes in Mumbai for all kinds of training from Commerce subjects to CA exams to IIT to almost every field. So why not start your classes at some location and only use the net for paid advertising. Even if you have a small batch of 10 students and they succeed in their GRE GMAT then you will have established credentials in this crowded coaching class market.
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  #14  
Old June 12th, 2017, 08:11 AM
Aashika Aashika is offline
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Re: Internet Based Business

And Shring, from my personal research (i had been doing this for a few months now), i found this. A lot of people told me that we have more chances of succeeding in a business if we venture into something that we have passion for. It doesnt have to be in another 8 years. I am sure we you have other passions that you can work on right now (i love your stories, something in those lines?).

I had been here for sometime now and i can assure you, $5000 a month doing a business is not as easy as it seems. Unless of course you are looking into investing some money prior to that. I know there are a few franchises that are extremely lucrative but they are expensive and usually there is a wait-list.

I love baking. I do make cakes and pastries for friends. If i were to do it as a business, i will be doing something in those lines.
Perhaps you have something you are really good at? see if that materialises.

I have an idea about this baking business. we could partner. I am serious.
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  #15  
Old June 12th, 2017, 07:14 PM
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kalidas kalidas is offline
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Re: Internet Based Business

There's a lot of money to be made as a translator for Japanese clients. If you are good at multiple languages, you could make it into a business.
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